Heather Wheeler: HMT: All Documents

Written Question

Small Businesses: Loans

Friday 17th March 2023

Asked by: Heather Wheeler (Conservative - South Derbyshire)

To ask the Chancellor of the Exchequer, with reference to the Prudential Regulation Authority's Consultation, CP 16/22, on the Implementation of the Basel 3.1 standards, what comparative assessment he has made of the potential impact of the SME lending proposals on banks based in the (a) EU and (b) UK.

Answered by Andrew Griffith - Shadow Secretary of State for Business and Trade

The Government is currently consulting on its proposals for Basel 3.1. This includes its proposals for deleting retained EU law including that which relates to the prudential rules on secured and unsecured SME lending. The detailed implementation of the Basel package however, has been delegated to the UK’s expert regulator, the Prudential Regulation Authority (PRA). The PRA is also consulting and has requested information from firms on specific measures including those relating to SME lending.

The Government continues to work with the PRA and businesses closely to understand the impact of the proposed changes, including for competitiveness with the EU and the impact on SME lending. This includes monitoring the EU’s proposals, which also have not yet been finalised.

Written Question

Small Businesses: Loans

Friday 17th March 2023

Asked by: Heather Wheeler (Conservative - South Derbyshire)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the Prudential Regulation Authority Consultation CP 16/22 on the Implementation of the Basel 3.1 standards, whether he has made an assessment of the potential impact of the proposals for SME lending on the balance of risk on (a) secured and (b) unsecured loans.

Answered by Andrew Griffith - Shadow Secretary of State for Business and Trade

Speech in Commons Chamber - Thu 21 Jan 2021
Equitable Life

"I am afraid we are all here again, having another debate about Equitable Life and the dreadful way that our constituents have been dealt with. To begin with, I thank my hon. Friend the Member for Harrow East (Bob Blackman), my dear friend, for being so assiduous over this matter …..."
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Speech in Commons Chamber - Mon 09 Nov 2020
Future of Financial Services

"I thank my right hon. Friend for his statement. I strongly welcome the new sovereign green bond, an idea I have been promoting for many months, especially in the far east. Can he explain how he will ensure that the projects invested in are suitable projects?..."
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Speech in Commons Chamber - Mon 11 May 2020
Covid-19

"Thank you, Mr Deputy Speaker, for calling me in this important debate. I also thank my right hon. Friend the Paymaster General for her tireless work in pulling together so many different strands of Government activity during the covid-19 crisis. We are very grateful.

I want to talk about the …..."
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Speech in Commons Chamber - Mon 11 May 2020
Covid-19

"But against the good news of that great community spirit, we have had the tragic news of over 19 people dying locally from covid-19. That number includes Eileen Landers of Swadlincote, a lady who worked tirelessly for decades at Burton Hospital on the housekeeping staff. Our thoughts and prayers are …..."
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Speech in Commons Chamber - Mon 01 Feb 2016
Financial Conduct Authority

"Does my hon. Friend agree that the glass being half full has been okay for some constituents, but that for those who are looking for consequential losses as well, the glass has been absolutely empty?..."
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Speech in Commons Chamber - Wed 20 Jan 2016
Domestic Politically Exposed Persons: Money Laundering Rules

"I apologise for being detained at the very beginning of this debate.

Would my hon. Friend be as surprised as I was to be phoned up by a bank that I had banked with for over 30 years to be told that I was high risk, that the bank would …..."
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Speech in Commons Chamber - Wed 04 Mar 2015
Future Government Spending

"The hon. Gentleman is very kind. He speaks about tax cuts being only for the top 1%. Will he congratulate Conservative-controlled South Derbyshire district council, which is not only holding the council tax for the fifth year running, but is going to give a rebate in July to every council …..."
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Speech in Commons Chamber - Mon 10 Nov 2014
EU Budget (Surcharge)

"Does my right hon. Friend agree that not only is this a superb deal for the UK, but if the people vote for a Conservative Government in May 2015, the people will have a vote in a referendum about it?..."
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